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If a project costing $ 69000 has a profitability index of 1.0 and the discount rate was 12 %, then the present value of the

If a project costing $ 69000 has a profitability index of 1.0 and the discount rate was 12%, then the present value of the net cash flows was
$ 69000.
less than $ 69000.
greater than $ 69000.
undeterminable.

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